Marsa Energy Inc. Announces Grant of Options
28.08.2015 | Marketwired
CALGARY, ALBERTA -- (Marketwired - Aug. 28, 2015) - Marsa Energy Inc. ("Marsa" or the "Company") (TSX VENTURE:MEP) announced today that, subject to regulatory approval, it has granted 970,000 options to purchase common shares of Marsa of which 790,000 have been granted to directors and officers of the Company, in accordance with the Company's stock option plan. These options expire five years from the date of grant and have an exercise price of $0.22 per share. Marsa has determined that exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the issuance of the options to the directors and officers of the Company (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of Market Capitalization).About Marsa
Marsa (www.marsaenergy.com) is an international energy company engaged in the acquisition, exploration, development and production of oil and natural gas. The Company's 100 percent working interest property is located on the Gallipoli Peninsula in the Republic of Turkey and is held through its wholly owned subsidiary, Marsa Turkey BV.
Marsa is headquartered in Calgary, Alberta, Canada and is publicly traded on the TSX Venture Exchange.
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Marsa Energy Inc.
Blair Anderson
+1 (403) 930-6202
banderson@marsaenergy.com
Marsa Energy Inc.
Ricardo Montes
+1 (403) 930-6206
rmontes@marsaenergy.com
www.marsaenergy.com
